Data decay happens naturally because of how often people change jobs or titles, companies go out of business, and mergers occur. Because of this, many organizations are working with B2B databases that are cluttered with outdated, invalid, or incomplete contacts. Dirty data impacts all areas of an organization, including marketing, lead generation, customer relationships, and finance. Check out the costly impact of data decay can have on your organization.
The Costly Impact of Data Decay [infographic] | ZoomInfo
1. Many companies are working
with B2B databases that are
cluttered with outdated,
invalid, or incomplete leads.
34%
of companies
change their names
annually
37%
of email addresses
change annually66%
of people’s titles
and/or job function
change annually
43%
of people’s phone
numbers change
annually
30%
of people change
jobs annually
Bad data impacts all areas of a
business, including marketing,
lead generation, customer
relationships, and finance.
Databases decay naturally because
people change jobs or titles, companies
go out of business, and mergers occur.
What you need to know
about B2B data decay
The U.S. Department of Labor
projects a 30 - 40% annual
turnover rate in corporate America
30% – 40%
of organizations rely on
marketing/prospect data
that’s 20% – 40% inaccurate
62%
of business objectives fail
due to inaccurate data
40%
of B2B database contacts
contain critical errors
10-25%
Prospect and customer
databases double every
12 – 18 months
JAN FEB MAR APR MAY JUNE
DEC NOV OCT SEPT AUG JULY
JAN FEB MAR APR MAY JUNE
Untargeted email campaigns cost
3.6 times more than targeted ones
50% of organizations reported a less than 3%
response rate to untargeted email campaigns
50%
of businesses suspect that
their customer and
prospect data is inaccurate
94%
of IT budgets are spent
on data rehabilitation50%
Bad data costs U.S.
businesses more than
$611 billion each year
$100 if nothing is done $10 to scrub and
cleanse it later
1-10-100 rule:
It costs $1 to verify a
record as it’s entered
The longer a rotten apple remains in
your database, the more expensive it
becomes to deal with!
ZoomInfo can turn your rotten apples into
apple pie! Find out how today by calling
www.zoominfo.com
866-904-9666 or visiting
Sources:
http://www.zoominfo.com/blog/infographic-b2b-data-disorder/
http://www.bls.gov/opub/mlr/2013/05/art2full.pdf
http://topliners.eloqua.com/servlet/JiveServlet/previewBody/1675-102-1-1977/Bad%20Data%20Impact%20On%20Demand%20Gen.pdf
http://www.strikeiron.com/wp-content/uploads/2012/11/strikeiron-data-quality.pdf
http://marketing.reachforce.com/rs/reachforce/images/RF_eBook_Dirty_Data.pdf
http://www.ringlead.com/dirty-data-costs-economy-3-trillion/
http://www.meclabs.com/training/misc/EXCERPT-BMR-2013-Marketing-Analytics.pdf
http://www.zoominfo.com/business/whitepaper-dirty-data
http://www.zoominfo.com/business/products/data-services
The Negative Impact
Dirty Data Has on the
Sales Team
Data has a deep correlation
with sales performance.
of organizations currently
have no strategy to update
inaccurate or incomplete
records
30%
said response rates to email
campaigns were impacted
26%
Organizations with clean data
reported boosted revenue
66%
When organizations were asked to
determine the impact of bad data on the
company here’s what they had to say:
indicated it affected the sales
team’s ability to reach and/or
communicate with prospects in
key organizations
44%
Saves sales teams time
or more leave inaccurate or
incomplete records in their
databases, requiring sales teams
to update records as frequently
as possible
1/31/3
cited direct sales
30%
10
25
50
Conversion rates are roughly 25% higher between
the inquiry and the marketing qualified lead stages
for organizations that have clean data. 75